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M&A and Subsidiary Changes9984SoftBank Group Corp.Information and Communications, Services and Others

(Progress Update on Previously Disclosed Matter) Notice Regarding the Status of Approvals and Other Authorizations Obtained from Relevant Thai Authorities in Connection with the Acquisition of Shares in Consolidated Subsidiary LINE MAN CORPORATION PTE. LTD. and the Outlook Going Forward

We were notified by the relevant Thai authorities that no approvals or other requirements are necessary for this additional acquisition. Accordingly, the additional acquisition is scheduled to be completed by August 2026, after which the indirect ownership interest is expected to be 60.9%.

Worth reading
33Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Neutral
Direction inferred from the company’s description.
Scale
60.9
% (voting rights ownership ratio)
Wording
Conditional
How definitive the wording is.

This transaction

This additional acquisition
Disclosing companySoftBank Group Corp.
LINE MAN CORPORATION PTE. LTD.Voting rights ownership percentageNumber of shares acquired 81,046,672 shares (number of LMWN shares held indirectly)

The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.

Execution Date / Effective DateScheduled for completion by the end of August 2026
Impact on Business Performance

The impact on the Company's consolidated results for the current fiscal year is expected to be minor

Procedures and assumptions
Conditions Precedent to ExecutionWe received notification from the relevant Thai authorities that no approvals or other requirements are necessary for this additional acquisition. No other approvals or requirements are necessary, and the acquisition is scheduled to proceed based on coordination with the parties concerned.
This transaction
ItemDetails
Transaction nameThis additional acquisition
Name of the Subject CompanyLINE MAN CORPORATION PTE. LTD.
Number of shares acquired81,046,672 shares (number of LMWN shares held indirectly)
Voting rights ownership percentageAfter 60.9% (before not disclosed)
Impact on Business PerformanceThe impact on the Company's consolidated results for the current fiscal year is expected to be minor
Execution Date / Effective DateScheduled for completion by the end of August 2026
Conditions Precedent to ExecutionWe received notification from the relevant Thai authorities that no approvals or other requirements are necessary for this additional acquisition. No other approvals or requirements are necessary, and the acquisition is scheduled to proceed based on coordination with the parties concerned.
Items this document does not state (25)
Counterparty nameBusiness Description of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionContract DateValuation methodologyIndependent valuation institutionSpecial CommitteeManagement structure after acquisition

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Based on the review results of the relevant Thai authorities and coordination with the parties concerned, the additional acquisition is scheduled to be completed by August 2026. As LMWN is already a consolidated subsidiary of LY Corporation, the impact on consolidated results for the current fiscal year is expected to be minor.

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(Progress Update on Previously Disclosed Matter) Notice Regarding the Status of Approvals and Other Authorizations Obtained from Relevant Thai Authorities in Connection with the Acquisition of Shares in Consolidated Subsidiary LINE MAN CORPORATION PTE. LTD. and the Outlook Going Forward | SoftBank Group Corp. (9984) timely disclosure | Komori